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2021
Mobile Artificial Intelligence (ai) Market

Mobile Artificial Intelligence (AI) Market

by Technology Node (20-28nm, 10nm, 7nm, and Others), Component (Hardware, Software, and Services), and Application (Smartphones, Cameras, Drones, Automotive, Robotics, AR/VR, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030
Update Available On-Demand

Report Code: A13133
Pages: 350
Aug 2021 | 2739 Views
Author(s) : Avinash Savekar , Vineet Kumar
Tables: 125
Charts: 93
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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The global mobile artificial intelligence (AI) market size is expected to reach $84.80 billion by 2030 from $8.56 billion in 2020, growing at a CAGR of 26.44% from 2021 to 2030.  

The automotive industry impacted negatively, due to COVID-19 Pandemic.

Artificial Intelligence (AI) is playing an increasingly prominent role in day to day lives and it has abilities to transform the technological landscape as it continues to develop. Complex algorithms and processes, such as machine learning and deep learning, are driving the transformation boosting the need for more powerful on-device AI solutions. From the camera to smart assistants, AI can be found in almost every smartphone feature. By simulating human intelligence, AI enables devices to acquire information and rules automatically, and even reach conclusion and take actions independently. These capabilities enable mobile devices to offer more enriching and secure experiences. As the technology continues to advance, fast and power efficient on-device AI solutions will be the key to unlock future innovations, such as virtual reality and autonomous driving, and reduce the reliance on cloud AI operations. 

Global-Mobile-Artificial-Intelligence-(AI)-Market

Smartphones devices are equipped with GPS tracking, as well as microphone and camera features, making mobile the ideal platform for AI applications. Further, Apple revealed that the iPhone XS, XS Max and XR will include an A12 Bionic chip featuring a neural engine built to utilize AI hardware in previously impossible ways. Combining AI technology with these built-in features makes apps more relevant and personalized. Using AI to contextualize user behavior will make each app session more valuable than the last. As the smartphone market shifts from selling technology products to delivering compelling and personalized experiences, AI solutions running on the smartphone will become an essential part of vendor roadmaps over the next two years.

The global mobile artificial intelligence (AI) market size is anticipated to witness significant growth during the forecast period. Factors, such as high demand for Artificial Intelligence in smartphones, rise in demand for AI-capable processors, and rising investment in artificial intelligence (AI) technologies drive the mobile artificial intelligence (AI) market growth. Artificial intelligence technology is widely used in many groundbreaking applications in industrial, automotive and video gaming. Now, smartphones industry also started using AI technology, and it goes far beyond applications such as digital assistants. Several mobile manufacturing companies are competing to develop AI features for smartphones according to the needs of the users. However, high pricing of artificial processors is a major restraint to the global mobile artificial intelligence (AI) market growth.  

In addition, the emergence of edge computing is expected to create opportunities for the mobile artificial intelligence (AI) industry. In the last few years, the AI implementations in various companies have changed around the world. As more enterprise-wide efforts dominate, the cloud computing became an essential component of the AI evolution. As customers spend more time on their devices, businesses increasingly realize the need to bring essential computation onto the device to serve more customers. This is the reason that edge computing will continue to accelerate in the next few years.      

 

Mobile Artificial Intelligence (AI) Market
By Technology Node

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20–28nm segment is projected as one of the most lucrative segments.

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The global mobile artificial intelligence (AI) market share is segmented on the basis of technology node, component, application, and region. By technology node, the market is classified into 20–28nm, 10nm, 7nm, and others. By component, it is divided into hardware, software, and services. On the basis of hardware, the market is sub-segmented into processor, memory, sensor, others. Depending on application, it is separated into smartphones, cameras, drones, automotive, robotics, AR/VR, and others.    

Mobile Artificial Intelligence (AI) Market
By Application

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Smartphones segment is expected to secure leading position during forecast period.

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Region-wise, the mobile artificial intelligence (AI) market trends are analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Taiwan, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). North America region is projected to have the most significant increase in demand, as it provides a suitable environment for startups and SMEs, in terms of government regulations and compliance. 

Mobile Artificial Intelligence (AI) Market
By Region

2030
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific region would exhibit the highest CAGR of 27.76% during 2021-2030

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Top Impacting Factors

The prominent factors that impact the mobile artificial intelligence (AI) market growth are high demand for artificial intelligence in smartphones, growing demand for AI-capable processors, and rising investment in Artificial Intelligence (AI) technologies. However, high pricing of artificial processors restricts the market growth. On the contrary, the emergence of edge computing is expected to create lucrative opportunities for the market. Therefore, these factors are expected to definitely affect mobile artificial intelligence (AI) industry during the forecast period.       

Competition Analysis

Competitive analysis and profiles of the major mobile artificial intelligence (AI) market players, such as NVIDIA Corporation (U.S.), Intel Corporation (U.S.), Microsoft Corporation (U.S.), IBM Corporation (U.S.), Qualcomm Inc. (U.S.), Apple Inc. (U.S.), Google (U.S.), Samsung Electronics (South Korea), MediaTek Inc. (Taiwan), and Huawei Technologies (China) are focusing their investment on technologically advanced, cost-effective, and more secure products and solutions for various applications.      

COVID-19 IMPACT ANALYSIS

  • The COVID-19 pandemic has significantly impacted global economies, resulting in workforce & travel restrictions, supply chain & production disruptions, and reduced demand & spending across many sectors. Sudden decline in product development is expected to hamper the market growth for several application including smartphones, automotive, and robotics.  
  • The mobile artificial intelligence (AI) market revenue witnessed dip in its growth rate, owing to delayed projects, which led to a substantial impact. Furthermore, market players have been investing in AI technologies, owing to many small startups and tech companies have been adopting of AI platforms in mobile devices to achieve higher efficiencies in their value chains. Therefore, the mobile artificial intelligence (AI) market size is anticipated to gain momentum by the end of 2021.    
  • The COVID-19 outbreak has positively as well as negatively affected major businesses worldwide by disrupting production cycles and supply chains across industries. The smartphone industry has faced some challenges in eradicating the pandemic, as the number of infections shows no signs of subsiding. Half of the world is currently facing a second wave of the pandemic. 
  • The slowdown in productions by OEMs and reduction in demand for mobile device and other electronics devices has slightly pulled down the market for mobile artificial intelligence (AI). However, as vaccines roll out across the globe and the pandemic situation is better controlled, especially in North America and Europe. This is expected to boost the recovery of the mobile artificial intelligence (AI) market.  

Key Benefits For Stakeholders

  • This study comprises analytical depiction of the global mobile artificial intelligence (AI) market outlook along with the current trends and future estimations to depict the imminent investment pockets. 
  • The overall mobile artificial intelligence (AI) market analysis is determined to understand the profitable trends to gain a stronger foothold. 
  • The report presents information related to key drivers, restraints, and mobile artificial intelligence (AI) market opportunities with a detailed impact analysis.  
  • The current mobile artificial intelligence (AI) market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.   
  • Porter’s five forces analysis illustrates the potency of the buyers and the mobile artificial intelligence (AI) market share of key vendors.   
  • The report includes the market trends and the revenue share of key vendors.

Key Market Segments

By Technology Node

  • 20–28nm
  • 10nm
  • 7nm
  • Others

By Component

  • Hardware
    • Processor
    • Memory
    • Sensor
    • Others
  • Software
  • Services 

By Application

  • Smartphones
  • Cameras
  • Drones
  • Automotive
  • Robotics
  • AR/ VR
  • Others 

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Taiwan
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East 
    • Africa

Key Players

  • Apple Inc.
  • Google
  • NVIDIA Corporation
  • Intel Corporation
  • Microsoft Corporation
  • IBM Corporation
  • Qualcomm Inc.
  • Samsung Electronics
  • Huawei Technology
  • MediaTek Inc. 
 

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According to the insights of the CXOs of leading companies, the mobile artificial intelligence (AI) market holds high potential in smartphone industry. The current business scenario experiences rapid development in artificial intelligence technology and mobile industry, particularly in the developed and developing regions such as North America, Asia-Pacific, and Europe. Companies in this industry adopt various innovative techniques to provide customers with advanced and innovative features.     

The mobile artificial intelligence (AI) market trends have been analyzed across North America, Europe, Asia-Pacific, and LAMEA. The analysis had identified that North America contributed maximum revenue in 2020. The report focuses on the growth prospects, restraints, and trends of the mobile artificial intelligence (AI) market analysis. The study provides Porter’s five forces analysis to understand the impact of various factors, such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers, in the mobile artificial intelligence (AI) market.    

The key players of the market such as Google, Apple Inc., IBM Corporation, and Intel Corporation, focus on introducing technologically advanced products to remain competitive in the market. Product launch, agreement, collaboration, and partnership are expected to be the prominent strategies adopted by the market players.   

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